Intercompany transaction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 December 2013
A is holding company and B,C,D Company are subsidiary. suppose 10000 consultancy fees is paid by B. Of which 2000 pertains to C and 3000 Pertains to D.
could you please let me the Journal entries and how it would reflect in B's Balancesheet
could you please let me the Journal entries and how it would reflect in B's Balancesheet
CMA Ramesh Krishnan
(Expert)
05 December 2013
Dr: Consultancy Rs.5000
Dr: D company Rs.3000
Dr: C company Rs.2000
Cr: Vendor a/c 10000
in the balance sheet only C & D debit balane appear as loans & advances Rs.2000 & R.3000 respectively
Dr: D company Rs.3000
Dr: C company Rs.2000
Cr: Vendor a/c 10000
in the balance sheet only C & D debit balane appear as loans & advances Rs.2000 & R.3000 respectively
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